Explain the securities and exchange commission rationale

Reference no: EM132233199

Question: 1. Explain the Securities and Exchange Commission's rationale to charge Cardillo executives with each of the following violations:

• making false representations to outside auditors

• failing to maintain accurate financial records

• failing to file prompt financial reports with the SEC

• violating the insider trading provisions of the federal securities laws

2. Determine who was in violation or compliance of the AICPA's Code of Professional Conduct in this case study and analyze the key reasons why they were or were not in compliance. Provide support for the rationale.

3. Analyze the actions taken by Cardillo's outside auditors and evaluate the level of efficiency of the audit risk management in this case study. Provide support for the rationale.

4. Determine whether or not the five (5) components of internal control were being followed. Support the response with at least two (2) examples.

5. Create an argument for or against whether auditors have a responsibility to assess the judgment of the decisions made by Cardillo's management. Support the argument.

6. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar type Websites do not qualify as academic resources.

Reference no: EM132233199

Questions Cloud

Describe effective strategies for the acquisition : Describe effective strategies for the acquisition and use of (a) power, (b) social influence, and (c) politics in the workplace.

List and describe three guidelines for becoming : List and describe three guidelines for becoming an effective leader in the workplace.

One production line in place for bronze sprinklers : Company A has one production line in place for bronze sprinklers.

Review the audit report issued by the external auditing firm : ACC 599 GRADUATE ACCOUNTING CAPSTONE - Strayer University - Evaluate the level of SOX regulations that applies to for-profit and not-for-profit health care

Explain the securities and exchange commission rationale : Explain the Securities and Exchange Commission's rationale to charge Cardillo executives with each of the following violations.

Determine most effective markets for their products-services : Briefly describe health care provider with which you are familiar and determine the most effective markets for their products/services.

Describe one characteristic of a workplace situation : Identify and describe one characteristic of a workplace situation that may influence the way leader behavior affects follower responses.

What effect do you think the president message will have : What effect do you think the president's message will have on the nation's economy, particularly the nation's economic measures of well-being?

What is additional inventory carrying cost : What is the additional inventory carrying cost that will be incurred on this item because of your decision to increase the service level?

User Account

All Pages